Invoice Finance Myths, Debunked
According to Stuff.co.nz, Kiwi companies borrow about $1b against their invoices annually, compared with a figure of $78b in Australia. Invoice finance volumes are slowly growing in New Zealand however compared to our Australian counterparts, this business finance option is still largely under utilised. With COVID-19 seeing big companies extend their already long payment terms, […]
Government Infrastructure Spending in 2021
As a result of the pandemic, both the Federal and State Governments have boosted infrastructure spending to assist with the economic recovery. The additional funding has been significant – $66.9 billion is set to be spent on infrastructure in the 2020-21 financial year alone, which is a big increase from the original budget of $53.3 […]
Cashflow Tips for the New Financial Year
Use an invoice finance facility – but choose wisely. Invoice finance allows businesses to get their money back into their business faster. When looking at the cost of invoice finance, it is important to remember that a dollar today is worth more than the dollar you get tomorrow. By getting funds back faster, businesses can reinvest […]
Businesses tendering for Government contracts to face tax office health checks
From July 1 businesses competing for Federal Government contracts will need to have a clean bill of health from the Tax Office, including 4 years of records. The policy was a recommendation from the black economy taskforce, which found poor supply chain practices could result in tax avoidance and that governments had a role in preventing […]
MPA Magazine : Commercial Lending Guide – Debtor finance
Awaken to an alternative market In a recent survey, 70% of brokers who work with small businesses said cashflow had become more of a problem in the past 12 months, and 98% said it was harder for those businesses to access cash flow. Read the full article. https://www.mpamagazine.com.au/sections/features/commercial-lending-guide-debtor-finance-263133.aspx
Ombudsman Kate Carnell calls for fairer credit options for SMEs.
As reported in The Australian on the 31 January 2019, Small business Ombudsman Kate Carnell has called on the Royal Commission, policymakers and regulators to work harder to get Small/Medium businesses on a firmer footing against banks or risk a “credit squeeze”. Ms Carnell’s comments come as latest research show startling results about small businesses’ access to […]
